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    Microeconomics Principles Applications
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    Exam 17: The Labor Market and the Distribution of Income
  5. Question
    -Refer to Figure 17
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-Refer to Figure 17

Question 149

Question 149

Multiple Choice

  -Refer to Figure 17.2.If the demand for labor decreases,then equilibrium wage will ________ and equilibrium quantity of hours will ________. A)  rise; fall B)  fall; fall C)  rise; rise D)  fall; rise
-Refer to Figure 17.2.If the demand for labor decreases,then equilibrium wage will ________ and equilibrium quantity of hours will ________.


A) rise; fall
B) fall; fall
C) rise; rise
D) fall; rise

Correct Answer:

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